Wizard Electronics Limited
|
Registered number: |
05983708
|
Abbreviated Balance Sheet |
as at 31 October 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
1,058 |
|
|
616 |
|
Current assets |
Stocks |
|
|
100 |
|
|
100 |
Debtors |
|
|
4,590 |
|
|
3,017 |
Cash at bank and in hand |
|
|
13,521 |
|
|
8,986 |
|
|
|
18,211 |
|
|
12,103 |
|
Creditors: amounts falling due within one year |
|
|
(15,592) |
|
|
(10,632) |
|
Net Current Assets |
|
|
|
2,619 |
|
|
1,471 |
|
Net Assets |
|
|
|
3,677 |
|
|
2,087 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
20 |
|
|
20 |
Profit and loss account |
|
|
|
3,657 |
|
|
2,067 |
|
Shareholders' funds |
|
|
|
3,677 |
|
|
2,087 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
|
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
|
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
M Evans |
Director |
Approved by the board on 25 July 2017
|
|
Wizard Electronics Limited
|
Notes to the Abbreviated Accounts |
for the year ended 31 October 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% reducing balance
|
|
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 November 2015 |
2,400 |
|
Additions |
707 |
|
At 31 October 2016 |
3,107 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 November 2015 |
1,784 |
|
Charge for the year |
265 |
|
At 31 October 2016 |
2,049 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 October 2016 |
1,058 |
|
At 31 October 2015 |
616 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
20 |
|
20 |
|
20 |
|
|
|
|
|
|
|
|
|